Derek Jeter And Jeb Bush Win Auction To Buy The Miami Marlins

Ford Springer | Contributor

The unlikely team of Derek Jeter and Jeb Bush have reportedly won the auction for the Miami Marlins baseball team with a $1.3 billion bid.

(Photo by Elsa/Getty Images)

The former New York Yankees star and former presidential candidate were bidding against one another for the Miami franchise, but eventually decided to join forces in pursuit of purchasing the team. According to multiple reports coming out on Tuesday, the two have closed the deal along with the help of other investors.

Current team owner Jeffrey Loria bought the team for $158 million back in 2002. It is now valued at $940 million, explaining the drastic increase in the bid value today. The reported $1.3 billion paid by Jeter and Bush was disclosed to Bloomberg on the basis of anonymity because a contract has not been signed.

(Photo by Matthew Cavanaugh/Getty Images)

The change in ownership won’t become official until it is approved by the MLB, but they likely won’t hesitate to do so for the future Hall-of-Famer and former Florida governor.